Iran Economy News

Iran to stop subsidised petrol sales from September

AFP: Iran is to halt the sale of subsidised petrol from late September as part of plans to phase out subsidies on energy products,...

Iran discovers two new gas fields: minister

AFP: Iran, OPEC's second largest oil exporter, has discovered two new natural gas fields, Oil Minister Masoud Mirkazemi announced on Monday. ...

Iran inflation falls slightly to 9.4 pct – cen bank

Reuters: Iran's inflation level fell to 9.4 percent in June, from 9.9 percent in the previous month, its central bank governor said on Saturday....

S.Korea GS E&C says scraps $1.2 bln Iran gas deal

Reuters: South Korea's GS Engineering & Construction (GS E&C) said on Thursday that it has called off a 1.42 trillion won ($1.2 billion) gas...

Iran lifts restriction on foreign investment in banks

Bloomberg: Iran lifted a cap on the percentage of shares in Iranian banks that can be owned by a foreign individual or company, the...

Iran sees no risk to gasoline imports, official says

Reuters: Iran sees no risks to its gasoline imports, an oil official said on Tuesday, a day after France's Total joined the list of...

Russia’s Gazprom Neft eyes Iran, Cuba oil projects

Reuters: Gazprom Neft, the oil arm of Russian energy firm Gazprom, is looking to expand its foreign operations into oil-rich Cuba and Iran, which...

Oil spill could push up prices – Iran official

Reuters: The Gulf of Mexico oil spill is likely to cause a rise in world oil prices, Iran's OPEC governor, Mohammad Ali Khatibi, said...

Latest news

Retirees Keep the Flame of Civil Protest Alive in Iran

Retirees in Iran are now forced to take to the streets in the scorching heat of summer and the...

United States Launches Major Attack on Iranian Regime Targets

U.S. Central Command (CENTCOM) says the latest strikes were a response to missile attacks by the Islamic Revolutionary Guard...

Iranian Regime Backs Down on Executions Over Ghezel Hesar Prison Hunger Strike

After 16 days of a widespread hunger strike by approximately 1,500 death row prisoners in Unit 2 of Ghezel...

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United States Launches Major Attack on Iranian Regime Targets

U.S. Central Command (CENTCOM) says the latest strikes were...

Thirteenth Day of the Hunger Strike By 1,500 Prisoners, Condition of the Strikers Is Critical

The collective hunger strike by around 1,500 death-row prisoners...

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Iran criticizes Security Council for Lebanon ceasefire failure

AFP: Iranian President Mahmoud Ahmadinejad on Wednesday criticised the...

Iran finds Farsi block gas viable – Indian source

Reuters: Iran has approved the commercial viability of natural...

EU to leave door open to further Iran sanctions

Reuters: European Union foreign ministers will warn Iran next...